Technology

Fintrak: Pi-360 Software Deepens Productivity for Multi-level Management Staff in Organisations

In the last decade, banks simply relied on monthly financial statements balance sheets, income statements, branch revenue and expense reports – as the only measurements of performance. But in the era of increased financial sector regulation and advance technology adoptions that impact customers and revenue, more and more data are available as of today, businesses are now taking a more rigorous, in-depth approach to managing corporate performance.

Fintrak Enterprise Performance Insight (PI- 360®) solution framework enables pervasive operational and financial performance management across an entire business. With FinTrak, Banks can create a true culture of visibility, accountability, and performance enhancement with our performance management solution.

The PI- 360 reporting tool facilitates organisations to make quick strategic and tactical business decisions that would increase productivity at the long run. The new FinTrak PI-360, is a robust business intelligence (BI) solution, that enables organizations to gain deeper level of insight, flexibility and scalability to grow. Empowering users with the right information to make critical business decision and inherently deliver business value (Revenue and profitability, customer retention and acquisition, operational efficiency), resource productivity, and IT effectiveness.

FINTRAK CREDIT RISK 360: ARTIFICIAL INTELLIGENCE DRIVEN LOAN UNDERWRITING  SOLUTIONS FOR BANKS AND RISK MANAGERS — Technology and Business News NG
Bimbo Abioye, the Group Managing Director of Fintrak

Not leaving anything out, Fintrak Limited understood that in this Post – Covid 19 workplace, many executives might be working remotely. This scenario has given the Pi 360 solution an edge or advantage over others.  Apart from being bespoke or customized to suit individual client’s needs, the software allows performance reports to be accessible via their mobile devices be it smartphones or tablets thereby aiding those executives that are working from home or remotely and increasing the productivity of their organisations.

Some financial institution such as Banks use a process to measure the performance of different business units (deposit-raising units and funds-advancing units) known as “transfer pricing.” The transfer pricing process is made easier with the deployment of Pi 360 solutions, the process is automated which reduces human error by 99.9% and also makes the process seamless and faster.

Speaking of the solution, Bimbo Abioye, the Group Managing Director of Fintrak stated “Performance Insight (PI360) is a web-based Enterprise Performance Management Suite, modularized into various Financial Management Modules. The new FinTrak PI – 360 will not just enable users manage performance, it will improve it! The solution is designed to empower users with varying needs for information across enterprise.  Strategic units can now generate related profiled reports perform avalanche of analytics leveraging on the single source of data.”

He added that “Being an integrated FinTrak ERP platform that primarily focuses on the numeric information that can be extracted, it also processes the capacity to integrate with third party Enterprise Resource Planning systems (ERPs) and data warehouses, FinTrak eliminates the usual problem of independent systems unable to cooperate with one another and exchange data.  By implementing FinTrak PI360, interoperability of systems is built for exchange information between systems and consumed by multiple users and business units from a single source.”

“Without mincing words, the Fintrak MPR is a blend of the Enterprise Management Performance Reporting, the optimized daily Management Profitability Reporting, Balance Scorecard. “FINTRAK Pi360 solution integrates seamlessly with your existing investment to help you mitigate against waste and loss”, Ladi Ipaye, The Executive Director, Business Development concluded.

FinTrak Software is a global Financial Technology organization providing innovative technology and business solutions to financial institutions in the financial services sector and enterprises across continents. With about 120 staff inclusive of over 90 Software Engineers based in Nigeria, FinTrak has successfully implemented over 100 technology solutions for various enterprises engaged in Commercial Banking, Mortgage Banking, Insurance and Manufacturing across: Nigeria, Benin, Togo, Cote D’Ivoire, Gambia, Sierra Leone, Ghana, Senegal, Rwanda, Congo and Zambia.

Not leaving anything out, Fintrak Limited understood that in this Post – Covid 19 workplace, many executives might be working remotely. This scenario has given the Pi 360 solution an edge or advantage over others.  Apart from being bespoke or customized to suit individual client’s needs, the software allows performance reports to be accessible via their mobile devices be it smartphones or tablets thereby aiding those executives that are working from home or remotely and increasing the productivity of their organisations.

Leave a Comment

Your email address will not be published.

You may also like

Business Economy

Self-sustainability solutions and smart technology will help South Africa overcome its water crisis

post-image

 

 

Technology company, Versofy, best known for its solar solutions and services, says that preparing for South Africa’s water crisis should become a significant priority. The company, which is fast becoming a necessity-driven entrepreneurial brand, believes that further use of smart technology will also remain critical when addressing the pressing issues of water scarcity in South Africa.

 

Ross Mains-Sheard, Co-Founder and CEO of Versofy, says that South Africa’s water crisis is fast approaching scarcity status: “We believe that by promoting self-sufficiency and sustainability through our own smart technology solutions, we will help to address the increasing concerns regarding an imminent water shortage.”

 

The Development Bank of Southern Africa (DBSA) estimates that 2.2 billion people across the globe don’t have access to clean drinking water. This is of concern when considering that water is a basic need for health and hygiene.   According to DBSA, South Africa’s physical water scarcity will become…

Read More
Business Culture Economy Entertainment Investments

Nigerians Rally Against DSTV’s High Subscription Rates, Embrace SLTV as Affordable Alternative – Anthony Emeka Nwosu

post-image

 

Amid mounting dissatisfaction with DSTV’s steep subscription fees, Nigerians are turning to SLTV in droves, marking a significant shift in the country’s television landscape.

The online outcry against DSTV gained traction when Mike Igozino voiced his frustration, announcing his switch to SLTV and condemning DSTV’s exploitation of hard-earned income. His sentiments resonated widely, sparking a wave of support for SLTV as a more economical option for premium entertainment.

“I can watch all Premier League, Champions League, Italian and Spanish leagues with just #5K monthly?! And DSTV collects 23,800 from me monthly… Nigerians, shine your eyes, DSTV came to steal from us,” declared Igozino, encapsulating the sentiment of many disillusioned consumers.

Jennifer Chioma Owolabi echoed the sentiment, expressing her eagerness to explore SLTV as a viable alternative to DSTV. She sought insights into SLTV’s offerings beyond sports channels, highlighting the growing interest in diversifying entertainment options.

Read More
Business Economy Society Software

Azentio Software wins three honours at IBS intelligence (IBSi) Digital Banking Awards 2024

post-image

Azentio Software (“Azentio”) (www.Azentio.com), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won three awards with its respective clients, at the IBSi Digital Banking Awards 2024 ceremony, held as a part of the prestigious Cedar-IBSi Digital Banking & AI Summit, on April 19 in Bengaluru, India. The company was declared Segment Winners I SME/Corporate Banking, Regional Winners I Middle East & Africa, and Segment Winners I Compliance Management.

 

Organised by IBS intelligence (IBSi), one of the world’s leading financial technology research, advisory, and news analysis firm firms, the annual award program honours technology players, Banking as a Service (BaaS) providers, digital banks, neo banks, and challenger banks for their excellence in driving impact through technology implementations and innovations using emerging technologies.

The Azentio Accolades

  • Digital Badge of Segment Winners I SME/Corporate Banking
  • Digital Badge of Regional Winners I…
Read More
Announcements Business Economy

Ethnos Hosts FinTech Association of Nigeria for Collaborative Discussions on Cybersecurity

post-image

 

Ethnos, a leading cybersecurity firm based in Lagos, recently welcomed the esteemed members of the FinTech Association of Nigeria to their premises for a collaborative meeting aimed at enhancing cybersecurity measures within the financial technology sector.

The event provided an invaluable platform for industry stakeholders to engage in insightful discussions on the evolving landscape of cybersecurity in Nigeria’s burgeoning fintech industry. Led by Peter Ejiofor, the CEO of Ethnos, the gathering underscored the importance of fostering strong partnerships to fortify cybersecurity frameworks and mitigate emerging threats.

Expressing gratitude to the FinTech Association of Nigeria for their visit, Peter Ejiofor remarked, “Thank you to the FinTech Association of Nigeria for stopping by at our office. It was a pleasure hosting such esteemed professionals, and we are committed to fostering positive progress and achievements in our collaborative efforts moving forward.”

The meeting exemplified Ethnos’ dedication to promoting cybersecurity excellence and its commitment to supporting…

Read More
Business Economy Technology Technology Trends Telecoms

Africa Data Centres debuts ADC Channel programme

post-image

The primary goal of ADC Channel is to foster collaboration among partners within the ISP, Carrier, Telecommunications, Systems Integration, ICT and Data Centre providers; Channel Partners will have additional product offerings to add to their current portfolio and in turn generate new revenue streams; The programme offers partners easy access to data centre experts and will provide ongoing commercial and technical support.

Africa Data Centres, a division of the Cassava Technologies group, is excited to announce the launch of its exclusive channel partner programme, ADC Channel. This programme is designed to establish colocation and ecosystem partnerships, empowering members to expand their product portfolio & offerings alongside their market presence including an expanded data centre footprint.

ADC Channel presents a unique opportunity for global carriers, Internet Service Providers (ISPs), system integrators, Data Centres, Mobile Network, Content Developer, telecommunications companies, network infrastructure operators, hyperscalers and others to deliver state-of-the-art, sustainable and cost-effective digital solutions to…

Read More
Business

Chinenye Anuforo Honored with MTN Nigeria Foundation Chairman’s Award for Outstanding Reportage

post-image

 

Chinenye Anuforo, a distinguished journalist with The Sun Newspapers, has been recognized with the prestigious MTN Nigeria Foundation Chairman’s Award for Innovative Reportage. The award ceremony took place during the School of Media and Communication’s (SMC) graduation ceremony for the MTN Media Innovation Program (MIP-2).

Presented by Mrs. Odunayo Sanya, the Executive Director and Board Member of MTN Foundation, along with a cash prize, the award acknowledges Chinenye’s exceptional report on the MTN Foundation Y’ellopreneur initiative. This initiative focuses on empowering women entrepreneurs by providing essential tools such as training, funding, and mentorship.No alt text provided for this image

Chinenye’s report highlighted the significant impact of the Y’ellopreneur initiative on women’s entrepreneurial aspirations in Nigeria. Her insightful exploration of the program’s contributions earned her this esteemed recognition.

Expressing her gratitude, Chinenye Anuforo stated, “I am pleased to receive the MTN Foundation Chairman’s…

Read More
Business Economy Environment Society Tourism Travels

Transcorp Hotel Expands to Lagos with Ambitious Project

post-image

 

Transcorp Hotels Plc, under the leadership of Tony Elumelu, is set to establish its presence in Lagos with the construction of the Transcorp Hotel Ikoyi Lagos. The upcoming 20-story property, slated for completion in 2027, aims to offer 315 rooms, positioning itself as a formidable competitor to industry giants like Marriott and Sheraton.

The project, which faced delays in its development, has now resumed construction after overcoming various challenges. With 90% of the company’s current revenue stemming from its Abuja property, known as Transcorp Abuja, the Lagos venture marks a strategic move to diversify earnings and expand its footprint in the hospitality sector.

Dupe Olusola, the Managing Director and Chief Executive Officer of Transcorp Hotels Plc, emphasized the significance of the Lagos expansion, highlighting its potential to drive revenue growth and enhance the firm’s position in the hospitality market. Financing options, including equity…

Read More
Business Economy Events Technology Technology Trends

Hanson Johnson of Start Innovation Hub Propels Akwa Ibom’s Transformation into an ICT Hub

post-image

 

In a pivotal move aimed at reshaping the economic landscape of Akwa Ibom State, Hanson Johnson, the Founder/CEO of Start Innovation Hub and a prominent figure in the digital ecosystem, has unveiled plans for the Akwa Ibom Tech Week. This initiative marks a significant step towards transitioning the state from its reliance on oil and agriculture to becoming a thriving center for Information and Communication Technology (ICT).No alt text provided for this image

During a recent address, Johnson articulated his vision for the region, stating, “There’s been extensive deliberation within closed circles regarding our shared ambition to transform Africa into a hub for living, working, and creating opportunities, starting right here in Akwa Ibom State 😜. Out of these discussions emerged Akwa Ibom Tech Week and numerous other initiatives, including the Ibom Innovation Network, designed to foster collaboration among innovators.”

Expressing his…

Read More